CHAPTER 28
H.P. 205 - L.D. 240
An Act to Permit an Unspent Balance in the Public Advocate Regulatory Fund to be Carried Forward in Full for Fiscal Years 2000-01 and 2001-02
Be it enacted by the People of the State of Maine as follows:
Sec. 1. 35-A MRSA §116, sub-§8, ¶C-1, as amended by PL 1997, c. 643, Pt. J, §1 and c. 719, §1, is further amended to read:
C-1. Except as specified in this subsection, funds that are not expended at the end of a fiscal year do not lapse but must be carried forward to be expended for the purposes specified in this section in succeeding fiscal years; but, with the exception of funds carried forward from fiscal year 1996-97 to fiscal year 1997-98 and with the exception of funds carried forward at the end of fiscal year 2000-01 and fiscal year 2001-02 for use in the following fiscal year, unexpended funds in excess of 10% of the total annual assessment authorized in this section must, at the option of the Public Advocate, either be presented to the Legislature in accordance with paragraph A for reallocation and expenditure or used to reduce the utility assessment in the following fiscal year. In the case of funds carried forward from fiscal year 1996-97 to fiscal year 1997-98 and funds carried forward from fiscal year 2000-01 and fiscal year 2001-02 for use in the following fiscal year, 100% of these funds may be expended for the purposes specified in this section.
Effective September 21, 2001, unless otherwise indicated.
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